The Producer Price Inflation (PPI) increased by 3.5 percentage points from June 2024 to 29.1%, in July 2024.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Producer Price Inflation (PPI) for July 2024 was 29.1%, a 3.5 percentage point increase over that of June 2024.

The month-on-month change in the PPI between June 2024 and July 2024 was 3.7%.

The producer price inflation in the industry sector excluding the construction sector increased from 32.3% in June 2024 to 37.9% in July 2024.

The rate in the construction sector also increased to 30.5% in July 2024. In the Services sector, the rate similarly went up to 12.6% in July 2024, from 12.1% in June 2024.

The Mining and Quarrying (48.8%), and Construction (30.5%) recorded inflation rates above the national average (29.1%), while Water Supply, Sewerage and Waste Management activity recorded the lowest rate of 2.6% in July 2024.

Source: newsthemegh.com